EXPERTISE PROPERTIES LIMITED

Company Registration Number:
02570710 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

EXPERTISE PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

EXPERTISE PROPERTIES LIMITED

Company Information

for the Period Ended 31 December 2024




Registered office: 6
Mizen Court
Bamburgh
Northumberland
England
NE69 7BG
Company Registration Number: 02570710 (England and Wales)

EXPERTISE PROPERTIES LIMITED

Profit and Loss Account

for the Period Ended 31 December 2024


Notes

2024
£

2023
£
Gross Profit or (Loss) 89,549 146,930
Administrative Expenses ( 107,531 ) ( 52,554 )
Operating Profit or (Loss) ( 17,982 ) 94,376
Interest Receivable and Similar Income 18,037 -
Interest Payable and Similar Charges ( 4,735 ) ( 10,668 )
Profit or (Loss) Before Tax ( 4,680 ) 83,708
Tax on Profit ( 22,894 ) ( 13,532 )
Profit or (Loss) for Period ( 27,574 ) 70,176

The notes form part of these financial statements

EXPERTISE PROPERTIES LIMITED

Balance sheet

As at 31 December 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 4,419,370 4,509,562
Total fixed assets: 4,419,370 4,509,562
Current assets
Cash at bank and in hand: 32,379 19,620
Total current assets: 32,379 19,620
Creditors: amounts falling due within one year: ( 22,961 ) ( 48,240 )
Net current assets (liabilities): 9,418 ( 28,620 )
Total assets less current liabilities: 4,428,788 4,480,942
Creditors: amounts falling due after more than one year: ( 3,579,173 ) ( 3,795,174 )
Accruals and deferred income: ( 191,420 )
Total net assets (liabilities): 658,195 685,768

The notes form part of these financial statements

EXPERTISE PROPERTIES LIMITED

Balance sheet continued

As at 31 December 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 8 8
Profit and loss account: 658,187 685,760
Shareholders funds: 658,195 685,768

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 29 September 2025
And Signed On Behalf Of The Board By:

Name: Grace Helen Long
Status: Director

The notes form part of these financial statements

EXPERTISE PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

EXPERTISE PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

EXPERTISE PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 3. Off balance sheet disclosure

    No

EXPERTISE PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible Assets

Total
Cost £
At 01 January 2024 4,509,562
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2024 4,509,562
Depreciation
At 01 January 2024 -
Charge for year 90,192
On disposals -
Other adjustments -
At 31 December 2024 90,192
Net book value
At 31 December 2024 4,419,370
At 31 December 2023 4,509,562

Investment properties are classified as property, plant and equipment and are stated at cost less accumulated depreciation and impairment. The properties are not held for revaluation and are depreciated on a straight-line basis at 2% per annum over their estimated useful lives.